The Transition of Power at Disney
On the evening of February 25, 2020, a significant moment in corporate history unfolded on the Disney studio lot. Bob Chapek and Bob Iger found themselves seated in identical directors’ chairs, ready to engage in a series of live media interviews that would mark a pivotal transition for the entertainment giant. The news of Mr. Chapek stepping into the role of chief executive, succeeding the immensely popular Mr. Iger, sent shockwaves through the industry.
The two Bobs presented a striking contrast: Mr. Chapek, with his bald head and stocky build, contrasted against the graying yet suave Mr. Iger. Both were dressed in navy suits paired with open-collar white shirts, but their differing styles led to playful nicknames among observers—some referred to them as “Bob One” and “Bob Two,” while others opted for “Big Bob” and “Little Bob.” The lightheartedness extended to “Handsome Bob” for Mr. Iger and “Boring Bob” for Mr. Chapek, despite the latter being the taller and heavier of the two.
During an interview with Julia Boorstin from CNBC, Mr. Chapek expressed his admiration for his predecessor, stating, “I obviously have huge shoes to fill,” as he gazed at the camera with wide eyes. He praised Mr. Iger’s “magic” in steering Disney to unprecedented heights. Mr. Iger’s tenure, which lasted an impressive 15 years, was marked by remarkable successes, so much so that he had contemplated a run for the presidency as a Democrat. Just before his retirement, he received the honor of being knighted by Queen Elizabeth II, a testament to his influence and contributions to the industry.
As the conversation progressed, Mr. Iger noted that he and Mr. Chapek had collaborated “extremely well.” Yet, almost immediately, he felt the need to broaden that statement, adding, “Actually, our senior management team has worked together quite well.” In that moment, Mr. Chapek seemed to seek a more personal affirmation but found himself listening intently, perhaps hoping for a more heartfelt acknowledgment.
As the spotlight shifted more towards Mr. Chapek, Mr. Iger’s usual relaxed demeanor began to shift. His gaze dropped, avoiding direct contact with Mr. Chapek, and an air of discomfort settled around him. Crossing his arms, he appeared increasingly tense, encapsulating the complexities of this significant handover.
